Peter is head of accounting at the paper company that he works at and recorded the following statements:

Service Revenue:$20,000 Cash:$2,000 Accounts Receivable: $3,000 Office Supplies:$1,000 Salaries Payable:$5,000 Wages Expense:$15,000 Rent Expense:$2,000

Using this data, determine the net profit or loss for Peter's paper company.